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Britain's Lloyds Banking Group halts 780 planned job cuts - source

Reuters - UK Focus
Updated

LONDON, March 24 (Reuters) - Lloyds Banking Group has halted plans to cut around 780 jobs in view of the unfolding coronavirus epidemic, a source familiar with the matter said on Tuesday.

The cuts were originally announced in February as part of a cost-cutting drive at the lender.

The Guardian newspaper first reported the news on Tuesday.

Lloyds did not immediately respond to a request for comment. (Reporting By Lawrence White; Editing by Sinead Cruise and Edmund Blair)